2012-12-01
2012-12-31
x schwab

STATION
CNBC 14
CNNW 10
MSNBCW 3
LANGUAGE
English 28

Set Clip Length:


they can inspire our students. let's solve this. >>> they're working on a ranch of war wren jeffs and pulled out of school forced into child labor. wait until you see what the children did when gary tuchman got on the scene aahead on "360." ♪ get to holiday fun faster with pillsbury cookie dough. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] >>> he was shoved into the path of an oncoming train gathered for the funeral. it was after the suspect was arraigned on murder charges. there's questions about what exactly happened on the subway platform. this is the enduring image of tragedy showing his failed attempt to get out of the way of the oncoming train. many of those who saw that are asking why no one got him off the tracks. the person who faced the most scrutiny is the photographer who took the picture. he joins me now. i he appreciate y

numbers. on the technical side abigail doolittle, equity strategist and jeff kilberg, our founder and ceo at kkm financial. good to see you both. welcome. abigail, you've been bearish on apple for a while. does it mean you like nokia instead? tell us what you think. >> apple continues to look very bearish to me. it's trading in a confirmed double top. this pattern has been confirmed for more than a week now. it's careying a target of 353 so apple could actually tumble another 30% from here. supporting that double top, the fact that it's a very reliable pattern once confirm. a recent death cross suggests that the selling momentum has increased. plus, there are unfilled caps, gaps, down near 331 and 431, excuse me and 386. overall i think that app continues to look very strong on the downside target. nokia, on the other hand, is trading on the inverse of that entire pattern setup. trading in a confirmed double bottom this. pattern has been confirmed for almost a month now. the target is 515 so 30% potential upside from current levels. nice golden cross. plus, there's an unfilled gap at 5. s

, will take on the same sex marriage issue. this was just announced. straight to jeff toobin with us here. we have been waiting for this development. this is a big deal. >> this is a major event in american history. not just in supreme court history. the supreme court is not just going to decide whether the defense of marriage act is constitutional, they are also going to decide whether proposition 8 in california, that case, whether the ban on same sex marriage there is unconstitutional. and that could affect all 50 states. so there is at least the potential that by the end of june, all 50 states will be ordered to have same sex marriage. there is a long way between here and there, but that is now a possibility. >> what is so interesting about this, this is not just about the marriage issue, so much as it is an equal protection issue because so many people have been denied benefits under federal law. >> that's the defense of marriage act case. what the defense of marriage act case, what the law says, passed in 1996, signed into law by president clinton, that law says that the federal governm

of counseling and then license only one viewpoint on that same subject matter. >> jeff, what about that? is this a first amendment issue? >> this is actually a hard case, i think, because it is true that physicians or anyone else can express any kind of opinion they want about homosexuality but it's also true that the state of california can regulate the practice of medicine, including telling doctors and any kind of care providers you can't mislead, give advice that will hurt patients. they can't prescribe laetrile to cure cancer because that doesn't work. what the state of california tried to do here is say that this kind of therapy is harmful, especially to children, and we as the state can stop it. that i think is close to legal, but it is also true that physicians and therapists do have certain rights to express their opinion about what works and what doesn't, and the judge tried to navigate between the two of those. >> but is this ruling, jeff, by the judge, the law, does it stop a therapist from speaking out against -- i mean, if they want to go on television and say being gay is

was not removed proper plea because of the manner in which she left the hospital. i'm joined by jeff gold a former prosecutor, and deborah lum. jeff, what do we need to know about this legally? >> why did they do it and why are they talking to the police. the mom talked to hispanic radio. the dad gave a talk on a radio show. why aren't they talking to the police and quelling the fears that the child is okay. the dad said i'm speaking to my wife and daughter now, they are fine when he spoke to the today show. why not let the police speak to the mother and find out if the daughter is okay. they skipped out the day before they were supposed to be released. the child was supposed to be released. why was that? let's find some answers now the. martha: deborah, one of the big issues here obviously is parent alrights, this is your child. they voluntarily brought her to be treated at this medical facility. but you also have the issue of the prior infection and whether or not the parents are serving this girl or whether they in anyway are endangering here. >> just quickly to speak to what jeff just spoke ab

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ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a trip to a daimler truck factory in redford, michigan. this is what he said. >> this so-called right to work law, they don't have to do with economics, everything to do with politics. what they are really talking about is giving you the right to work for less money. >> alison kosik. >> what's the latest on the protests? >> protestsers starting to gather behind me. signs in hand, even the infl

management shake-ups of the year. jeff sonnenfeld will join us with the fiscal corporation movement of the year. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thou

. a looming fiscal cliff and what are we hearing? as jeff sessions says -- >> a lot of flimflam. >> flimflam. we told you last night that tim geithner hopscotched his way down pennsylvania avenue to bring the president's proposal from the white house to capitol hill and instead of offering compromise, he leapt to the extreme. his plan taxes $1.6 trillion of taxes. higher tax rates on people, families making more than $250,000 as well as closing loopholes, limiting deductions, raising the estate tax rate and increasing the taxes on capital gains and dividends and the plan spends nearly $200 billion. another stimulus package of 50 billion. an extension of unemployment benefits around 30 billion and an extension of the payroll tax cut estimated at about $114 billion. but the geithner plan didn't cut spending. in run for that, the president offers $400 billion of cuts and toe, john boehner basically said go fish. >> was not a serious proposal. and so, right now, we're almost nowhere. >> just when we needed someone to not say hey, mom, he was nasty. so i can be, too. boehner, like geithner, leapt

more workers. let's talk about this manpower survey with ceo jeff joerres who is joining us again. >> great to be here. >> we just had a ceo on very concerned about job hiring for next year because of the fiscal cliff and all the costs associated with, that and yet your numbers here seem to suggest that at least statistically we're not seeing that much an impact, or am i misreading this here? >> no, you're not. when you look at it it's actually slightly better than what we saw in the fourth quarter and a lot better than the first quarter of this year. >> how do you explain that then? >> what you're really seeing is that right now, as companies are looking at their demand, they are saying, you know what, you've got enough demand that i'll have to continue to creep up. this is not a robust hiring survey but a good hiring survey. i think the real crux is that we are forgetting that at any moment a ceo can push a button and say we're not going to hire anymore because they are used to being agile. you look at fiscal cliff and what's going on in europe. they are standing on guard ready

'd be thinking wrong. republican jeff sessions comes out front tonight. >>> also, how far is too far when you're interviewing someone on a sensitive topic? barbara walters asks governor chris christie if he is too fat for the job of president. john avalon's going to weigh in on this one with a little bit of historical perspective. >>> also, a new twist in the very bizarre story about john mcafee. the internet tycoon has now left guatemala. police want to question him about a murder in belize, but that is not where he's headed. details, next. [ woman ] dear cat, your hair mixes with pollen and dust. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. [ male announcer ] zyrtec-d®. behind the pharmacy counter. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put

capital. good to see you. jeff, make the case. you're looking at the charts. how do you like ups versus fedex? >> maria, i think you have to look at the longer-term chart, and if you look at the ten-year period, the true leader is federal express. it's up 76% versus the 24% that ups is. that's where you find the leaders. now let's take a closer look and look at the micro view of this chart, and we go to the year to date chart, and if you see a year to date, trading within a range, between 84 and 94, and what's going tonight difference. what's going tonight difference to push this to go higher, the catalyst, right. we wanted to see it go above $94 a share and the catalyst is going tonight international markets. we've seen some clarity over there, and you've seen a really -- fedex's international numbers have to increase, and that's the catalyst right there. >> jeff, they are both international. it depends on where you want to play. i like ups better because it's got a 3% yield versus a less than 1%. i think about half a percent yelled for fedex and still in a low return environment. if y

, one of the best performing stocks on the s&p all year long, whirlpool. ceo jeff fettig. what does the head of the world's largest appliance manufacturer have to say. back in a minute. >>> take a look at the futures. reacting to a better than expected jobs report showing the month of november adding 146,000 jobs. unemployment rate edging lower to 7.7%. implied open on s&p 500 up 4.25 points. >>> a plan to shift concentration away from making hardware to designing software and services for data management at cisco. the ceo saying he wants to double software revenue in the next five years which today is a business of $6 billion. cisco sites slowing growth in economic demand due to the economic downturn and increased competition. looks like cisco is looking to gradually change to an area that would bring it more revenues overall higher margins in theory. >> i wish them luck. there's a competitive market there. you want to move into that competitive market. good luck. it's very hard. everyone knows that they don't spend like they used to. if this is an attempt to get into big data more

, go to axiron.com. >>> let's bring back our panel. jeff, that tribute video hillary clinton and i know we're going to get hilary 2016 stories. they with will churn out as soon as the president names whoever he names to replace her. she seemed almost energized by it. >> how could she not. this is the celebration of her long life. not an easy one her public life. she's ending at a high point here. 2013 is going to be filled for, at least people in our business a lot of chatter about what she's going to do or not going to do. i believe she doesn't know. let her take a break. >> that i buy. yes people around her will put together the operation. >> just watching that it reminds you with john mccain on tape like that, it is really -- she would be a powerful force. >> it's a reminder that we might get clinton-bush the sequel. at the end of the day, right? who else do the republicans have? who would make a better transitional leader from 20th century. the guy who is married to a mexican-american. >> i'm an enormous fan of jeb bush. i think he would be fantastic. his son george p. is exploring

of the hour, we'll talk about the impact of fiscal cliff on the businesses and the market. jeff solomon is the ceo of cowan and company. but before we get to all that, joe has your morning headlines. >>> president obama's going to speak to the business round table today about the ongoing fiscal cliff talks. boeing ceo jim mcnearney says members want a balanced solution in debt issues, including meaningful and comprehensive tax and entitlement reforms. well, you're not going to get that. anyway -- sorry, jim. we're going to be watching facebook stock today. the company will join the nasdaq -- got to watch it. i'm trying to rise. trying. the nasdaq 100 -- >> sinking, sinking -- >> like a snake. replaces tech firm emphasis, which is moving the listing to the big board. and let's get a check on the markets which are indicated higher today up about 50 points. overseas, let's check out asia and europe. there's a -- .4%. >> had a big move. >> yeah. big move on the hang seng and green arrows everywhere. let's check out europe quickly. also fractional gains there, up about a third of a point eac

. >> let's get reaction. s & p capital, jeff cox at cnbc headquarters and rick santelli in chicago. sam, where do you stand on all this? what's your take in terms of republicans coming out with their plan, post the president's plan released this weekend as well? both plans where we left off with the last bargaining going on? >> i think, once again, what we're finding is that congress can teach shakespeare something about drama. i think they'll wait it out until the 11th hour and even allow us to fall off the cliff. it's easier to look like a white knight if they're reactive rather than proceed active. >> last week when the markets were volatile, now they are taking it in stride. we're coming back a little bit but not the volatility from last week. a little complacency or are we getting used to the drama out of washington? >> i think we're getting used to it? i think it's worth noting that on the 16th when we started to get this good news trickling out, the 19th when we got this big rally, the market stopped trading as correlated as it was prior to that. from the election until the 16th,

doesn't have that same political problem. >> jeff immelt told me he wanted to move out of china -- i believe ge has shifted resources out of china. >> a lot, especially appliances and low-end goods. but small and medium-sized manufacturers are sick and tired of the corruption, the slowness and all the problems that are so evident -- >> they steal your ideas, counterfeit your products. it really isn't the wonderland of free market capitalism that some people make it out to be. >> no. this is part of a broader narrative of a lot of manufacturers leaving china for vietnam, indonesia, bangladesh, mexico. this is really part of a decades-long trend. >> i have to leave it there. gordon chang, thank you very much. be sure to catch the tim cook interview tonight on "rock center with brian williams." that's at 10:00 p.m. central. >>> the french ought to stick with fine foods because we found out that their 75% tax rate on the rich doesn't work. the economy there is tanking, even worse, same story in britain. why would we want to copy their policies here in the usa? i'll try to get some answer

does it make it seem like con are gres gress is irrelevant. jeff sessions has repeatedly made the point and i want to play something for you that he said yesterday. >> we all know what the plan is, what the scheme is, the strategy is. it is to be meeting in secret and then plop down on the floor of the senate at the last hour, some sort of coerced agreement that all of the senators like lemmings are supposed to vote for. >> is that what is going on here? some coerced agreement that you're going to have to vote for? >> i wouldn't describe it as a coerced agreement. but you can't have 500 people in the room negotiating an agreement. so, yes, we have our leadership, they sit down with the president, they hammer out a deal, they come back to us. our opportunity for input in this process is with our leadership. we have caucuses multiple times each week. we express to our leaders, this is what we want to see. this is what we will support. we do not want to see action on this or be pressed on this. don't come back to us with a proposal on this. that's the way that we can influence the ultimate

that founder jeff bezos and his notoriously secret company had bigger plans. they started expanding in the late 1990s into videos, music, games, electronics, kitchenware, clothing, shoes, jewelry. business services, information storage. amazon turned the corner to profitability in 2002 and today, amazon is a $100 billion global company. and though bezos declined our request for an interview, he recently told "fortune" magazine's andy serwer -- >> our goal is to become the most customer obsessed company. is there someone doing some element better than we? how do we improve? >> online shopping is still only 10% of total retail. >> reporter: meaning amazon in all likelihood is just getting started. ben stein told me recently he has never seen a company dominate a market quite the way amazon is right now. this is a huge, huge story this holiday season. the big question, of course, is, what's going to happen to all the jobs that go in the traditional brick and mortar stores? we don't really know. will they go away? will there be more of them? find out more of those answers this weekend as we take an

anthony kennedy, as is often the case, will be the swing vote. >> jeff toobin, thanks very much. >>> tragedy after a prank call makes headlines. this is such an awful story. a pair of australian shock jocks, deejays, whatever you want to call them, got through to the ward treating katherine, the duchess of cambridge. the nurse that answered the phone has apparently taken her own life. there's fallout for the deejays. the royal family is weighing in on what happened. we have a live report ahead. i'm doing my own sleep study. advil pm® or tylenol pm. the advil pm® guy is spending less time lying awake with annoying aches and pains and more time asleep. advil pm®. the difference is a better night's sleep. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. tdd#: 1-800-345-2550 you know, the one that's been lying around. tdd#: 1-800-345-2550 tdd#: 1-8

for treasuries in the first quarter. i think that could be very comparable to how it looks in 2013. >> and jeff cleveland, let me ask you the same question in terms of allocating capital and your expectations for the new year. >> i think i agree that the economy doesn't fundamentally change at midnight on 12:31. so we're not worried about a recession. what we are worried about is people expect a deal to get done and they think we'll have a surge of economic growth. and we don't expect that either. growth will remain moderate. interest rates remain low. and the real big picture is a shortage of safe assets. there's only so many government bonds out there keeping slemts low. we like the ig credit so sector and we like high yield bopds. that's where you'll see your opportunities for income for the year. >> okay. so are you going to be doing -- are you going to be doing dividend payers? >> i think you look anywhere you can get income. dividends are good. the key here is what's the big picture and story. it's a shortage of safe assets. the fed and all of their actions in the last ten days have just

fundamentals? >> joining us right now to weigh in on cnbc contribute richard bernstein and jeff tanose of jpmorgan and our own bob pisani. gentlemen, thanks for joining us. rich, what do you think about fundamentals going into 2013, corporate sector, economics? >> i'm actually quite bullish about 2013. i think we're going to start getting, as the year goes on, easier comparisons for corporate profits. the corporate sector as we know is loaded for cash. i think when we get beyond this uncertainty and corporations have more certainty, i think we're going to see an m & a wave because they have underinvestmented for the future by hoarding all the cash so i think they will have to buy growth so i think 2013 could be a very good career. >> what do you think, joe? >> i agree. everything we've been dealing with the past year has been the uncertainty. is it europe, the election? is it the fiscal cliff, but as you go through those one by one, the election is now behind us. i do believe we'll have a resolution on the fiscal cliff and if you look at europe, the ecb put a gigantic band-aid on this

up going, what's going to make phil look good? >> right. >> what's going to make before jeff now steve burke feel good, like they got the best of me. >> right. >> and i'm going to give them that, but i'm going to take what i've always wanted all along. and it's money. give them what they want. but it's -- it's a deal. you figure out what they can give up, they figure out what you can give up and you do the deal and everybody walks away. every deal i've ever done, everybody walks away feeling like they won. >> and you know who made a life out of that? was the labor negotiator ronald reagan. >> yeah. >> brian cashman's on the phone for you, joe. he's listened to that. he wants to talk to you about how to get rid of alex rodriguez. >> actually, he wants you to play third base. >> well, you know, i've got two good hips. >> there you go. >> two more than a-rod. second hip replacement. >> that's terrible. former british prime minister tony blair joins us onset, also ron fournier will be here to discuss about his cover in the national journal. >>> and coming up, arianna huffington onset

's been a big year of musical chairs at jpmorgan, jeff staley was replaced at investment banking ceo in july and given a chairman title many onlookers looked at it as a swan song. in the six months, two financial services companies sought him out as a potential ceo, most recently legg mason, which has seen funds under management shrink by 40% since the last time staley was considered in 2008. talks have dissolved in the last month, a spokesperson says legg hopes to name a chief expeditiously. legg follows barclays which ousted its ceo following this summer's lie bore scandal. the board was set to see staley as one of its top candidates albeit an american and it went to antony jenkins. definitely a guy to watch who could be on the move, jes staley. >> back to bob pisani at post nine, maybe u.s. markets are not the story. >> a very strange global stock market i mentioned earlier we have new highs all over the world if you're a global investor you ought to be happy about this. let me show you here we've got new highs in germany, france, switzerland, hong kong, thailand, india is at a ne

trillion in debt. jeff, so what does it take to get someone like alicia hired? >> i think that the economic underpinnings underpinnings require some security and some long-term stability. it is not enough for congress to come along and say, okay, we have decided on this deal for 2013. i think the political class is loving this attention. we're all sitting here on pins and needles and bated breath waiting for they on high to decide our futures. it would be really nice if we could get back to the point where we say here is the rates, here is the appreciation, here is the withholding, and let the rest of us go do what we're supposed to do, which is help alicea get a job. >> students protest for healthy school lunches. they actually get what they asked explains how next. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide

to rule on gun control at this point. >> and neither would i. jeffrey, thank you very much. jeff toobin is our senior legal analyst. >>> sandy hook students may dread the day they must return to school, at least some of them. now officials are trying to give them a little bit more time to cope with this tragedy. let's say you want to get ahead in your career. how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. with olay, here's how. new regenerist eye and lash duo the cream smooths the look of lids... softens the look of lines. the serum instantly thickens the look o

they precipitate -- jeff immeld say it has gotten soft because of the uncertainty surrounding the cliff. >> you want to talk about bubble s? >> you mentioned the tech bubble in your previous comment. i was looking at numbers i find interesting. in 2000, cisco was selling at 100 times earning, had nobody recommending it and had no yield income and dividend dents at 6 1/2%. this morning, cisco less than 10 times earnings yields 3% and 10 year governments are 1.8% down from 6 1/2. 3% substantially over 10 year government bond rates. the government isn't an equity market, in my opinion a 10 year yield equity market. >> do you like cisco? >> we don't own it. we own qualcomm, we own sprint, googl google. >> you don't own apple? >> we did own apple. we did very well in it. we had a position through options but much smaller than it was. there are questions, issues. i'm not keen on their financial management, in terms of sitting on all that cash, earning zero. i think we should be more creative and innovative. a great company and great product. i have an iphone 5 and very pleased with it. i have an ipad

be the ceo. jeff speaker is known as probably the most innovative ceo in the exchange industry right now. i think duncan, you know, i think that the deutsche bourse deal, i think he wants to leave the nyse a better, bigger place with a -- it's his legacy. but i don't think he will be, if the deal comes, he'll be the ceo. >> okay. richard we're going to leave it there. we thank you. and we will await this news, and hope it comes soon. still to come, we've got steve forbes, the editor in chief and chairman of forbes media. he's going to give us his views on the fiscal cliff. he's in "squawk's" green room prepping for his appearance as we speak. and then, looking for a last-minute present? i know i am. how about one of these mcclarens? they start at about $225,000. i don't know if my credit card can handle that. the company's managing director joins us with a very big unveil. "squawk" is back in two minutes. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345

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